Hellenic Duty Free reverses gains


Shares in Hellenic Duty Free dropped back 4.5% on Monday. The company's shares had surged 9.1% on Friday, as 60.6 million shares in the group formed by the airport and port retailer's merger with Folli-Follie and Elmec Sports commenced trading.

  • Hellenic Duty Free shares dropped 4.5% after a surge of 9.1% on Friday following a merger with Folli-Follie and Elmec Sports.
  • Durfy and JCDecaux also experienced drops in their shares, with -2.5% and -2.2% respectively.
  • Lotte Shopping Co gained 1.2% as it expressed interest in acquiring PT Matahari Putra Prima's hypermarket business.
  • PT Matahari Putra Prima abandoned its proposed 20% share sale.
  • Hellenic Duty Free, Durfy, JCDecaux, and Lotte Shopping Co are all key players in the airport retail industry.
  • These daily share price movements indicate the volatility and competitiveness of the airport retail market.

Also dropping were Durfy (-2.5%) and JCDecaux (-2.2%).

Shares in Lotte Shopping Co gained 1.2%. The Korean retail operator was reportedly interested in the acquisition of PT Matahari Putra Prima's hypermarket business, which the Indonesian company abandoned over the weekend. Lotte has expressed interest in Matahari proposed 20% share sale.

Selected airport suppliers' daily share price movements (% change): 11-Jan-2011

Airport Suppliers

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